San Carlos Real Estate Summary.

The numbers are simply mind-boggling for buyers looking to find a home in San Carlos. 22 active listings is an abnormally low number for any time of the year, but it’s unprecedented for the end of March. And when you compare that to the 55 homes that are currently pending sale, the ratio of active to pending plummets to 0.4! There are 2.5 times more homes pending sale than for sale in San Carlos right now. As a point of reference, most communities never see a ratio below 1, and are frankly thrilled if they can get it down below 3.

If that’s not daunting enough, the average days on the market for homes that went pending this past week was 26, which is a reasonable number. But if you take out just one home that took 185 days to sell, that average number drops to 12 days for the other 11 sales. That means on average, you have less than 2 weeks to decide on a new listing once it hits the market. In reality, you have less than a week, if you factor in the time it takes to prepare the offer. Tough sledding for buyers these days, but it underscores the preparation and focus that’s required to be in this market right now.

Here are the numbers for this past week…

By The Numbers.

Below is a high-level snapshot of the market performance for single-family residences in San Carlos. This data is for the week ending 3-24-2012:

San Carlos Housing Data

3-24-12

Prior Week

Closed Sales for the Week:

2

6

Average Sold Price

$965,000

$1,384,167 (-30%)

Average $/Sq Foot

$411

$588

Sold Price vs Orig List (%)

99%

101%

Average DOM of Closed Sales

152

55

No. of Homes Pending Sale:

55

43

Inventory of Active Listings:

22

30 (-27%)

Average Price of Active Listings:

$1,356,630

$1,317,379 (+3%)

Average DOM of Active Listings:

41

37

Active-Pending Ratio:

0.4 : 1

0.7 : 1

The San Carlos Open House Page.

If you’re looking at open houses this weekend in San Carlos here’s the only link you’ll need: The San Carlos Open House Page. With one click, you’ll get a “live” list of all the homes and condos that will be open this weekend in San Carlos! It’s updated continuously from the MLS, so bookmark this link and you’ll never have to wander around town looking for open houses again.

Single-Family Homes SOLD in San Carlos:

1079 Sunset Drive, San Carlos

Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.

Are you ready to step up to the most comprehensive data available about the San Carlos Real Estate market? Then subscribe to the White Oaks Blog for free by clicking here. Be sure to follow the White Oaks Blog on Facebook at https://Facebook.com/WhiteOaksBlog , and on Twitter @WhiteOaksBlog. Get the best coverage on the San Carlos real estate market delivered right to you!_____________________________________________________________________________

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